Wherever Computer Meets Contract

Luminance brings specialist, Legal-Grade™ AI to every touchpoint a business has with its contracts, from generation to negotiation and post-execution analysis.

Developed by world-leading AI experts, validated by leading lawyers and trusted by 700+ organisations worldwide.

A MIXTURE OF EXPERTS APPROACH

Luminance’s Panel of Judges

Developed by AI experts from the University of Cambridge, Luminance’s mixture of experts approach – known as the ‘Panel of Judges – uses many, diverse models to provide specialised, balanced expertise for different tasks as required.

The probabilistic consensus found between the models ensures legal-grade accuracy during contract generation, negotiation and analysis.

FOCUS ATTENTION WHERE NEEDED

AI-Powered Negotiation

Just like an AI-powered legal “spellchecker”, Luminance automatically produces a traffic light analysis of any contract out-of-the-box, visually indicating where terms differ from previously agreed wording and therefore pose a risk. Luminance can even bring third-party contracts into line with gold standards in a click, reducing time drains for the legal team.

Alternatively, where terms do not meet internal standards, suggested precedent and fallback positions are available at all times via the sidebar in Microsoft Word, and can be substituted with just one click.

GRANULAR INSIGHT INTO ALL CONTRACTS

Intelligent Contract Repository

Luminance’s AI-powered repository automatically extracts key information from all contracts, whether executed or under negotiation, providing instant insight across over 1,000 legal concepts, such as contract term, clauses present, and governing law.

Luminance automatically highlights areas of risk or business opportunity such as key periods within contracts, while powerful tools for real-time reporting of user activity enable effective project insight and KPI tracking. The Ask Lumi chatbot is also available within the repository, helping users looking to rapidly locate documents and receive instant answers to any contract query.

Q&A AND AUTOMATED REDRAFTING

Legal-Grade™ Chatbot

Ask Lumi is a first-of-its-kind chatbot underpinned by specialist, Legal-Grade™ AI. Users can ask Luminance’s chatbot natural language questions about their documents and receive instant, legally accurate responses.

Lawyers can even ask Luminance’s chatbot to summarise a contract in seconds, redraft clauses on-the-fly to quickly amend problematic provisions with compliant wording, as well as generate clause wording that finds the perfect middle ground between counterparty paper and their preferred position. The chatbot is also available within the repository, helping users looking to rapidly locate documents and receive instant answers to any contract query.

ELIMINATE CONTRACT BOTTLENECKS

Business-Wide Automation

Luminance’s AI empowers non-legal teams to generate, negotiate and amend contracts in line with internal standards. From Sales and Procurement to Finance and HR, every business function can use Luminance to draft their own compliant contracts from approved templates.

With Luminance Self-Serve, non-legal teams can use Luminance’s AI to take a first pass review of third-party contracts. Luminance will instantly highlight areas of risk and suggestions for how to bring documents into line with company standards, helping to reduce legal bottlenecks and accelerate time-to-signature.

DISCOVER THE BENEFITS

Build an AI-Powered Business

Automate Routine Work

Reduce inefficiencies, errors and delays in manual contracting processes and focus on high value work.

Improve Visibility

Ensure deadlines, revenue opportunities and obligations don’t go overlooked with a single source of truth for all contracts.

Maintain Compliance

Protect your business from reputational and financial risk with the ability to check for non-compliance both pre- and post-execution.

Reduce Spend

Improve internal efficiencies, maximise resources and limit the volume of work requiring external expertise.